Give the Range of Values That the Random Variable X

question 54

Multiple Choice

Give the range of values that the random variable X may assume and classify the random variable as finite discrete, infinite discrete, or continuous. ​
X = The number of times a die is thrown until a 3 appears.
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• A) X may assume the values of any positive integer. The random variable is finite discrete.
• B) X may assume the values of any positive integer. The random variable is continuous.
• C) X may assume the values in the set S = {1, 2, 3, 4, 5, 6}. The random variable is finite discrete.
• D) X may assume the values of any positive integer. The random variable is infinite discrete.

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Definitions:

Purchases Returns & Allowances

Purchases Returns and Allowances are reductions in the cost of purchases due to returning goods or granting allowances for defective or unsatisfactory goods.

Sales Discounts

Sales discounts are reductions in the selling price offered to customers, often as an incentive for early payment or bulk purchases.

Inventory Balance

The value of goods available for sale at the end of an accounting period.

Plant, Property

Long-term tangible assets owned by a business, used in operating activities, and not expected to be consumed or converted into cash short term.